Zix Reports Third Quarter 2020 Financial Results
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ZixCorp (ZIXI) Misses Q3 EPS by 2c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus
November 9, 2020 4:16 PM ESTZixCorp (NASDAQ: ZIXI) reported Q3 EPS of $0.13, $0.02 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $54.8 million versus the consensus estimate of $53.74 million.
Third Quarter 2020 Financial Highlights (results compared to the same year-ago quarter)
Revenue increased 15% to $54.8 million.Annual recurring revenue (ARR) increased 11% to $222.3 million. Cloud ARR increased 19% to $190.3 million or 86% of total ARR.GAAP net loss totaled ($0.7) million compared to a year ago net loss of ($1.6) million.GAAP net loss attributable to common stockholders totaled ($3.0) million compared to a year ago net loss... More